Tribhovandas Bhimji Zaveri Ltd.

Tribhovandas Bhimji Zaveri has declared that that the IPO Proceeds of the Company were fully utilized during the financial year 2012- 13. IPO Proceeds were utilized for the purpose stated in the Prospectus and there were no deviations in utilization of funds from those stated in the Prospectus. Hence the requirement of providing details of utilization of IPO Proceeds every quarter does not arise.

The above information is a part of company’s filings submitted to BSE.